Economics 464

International Trade and Finance

Spring 2008
Department of Economics
University of Wisconsin-Madison

 


 

Maria Muniagurria
Email: munia@ssc.wisc.edu                                      
7424 Social Science                                                   
        Phone: 263-3865                                                
        Office Hours:    Tu : 2.30 - 3.30  pm
                                  Th:  11 am- 12 noon                                                                                                

Teaching Assistant:
Wallice Ao
Email: ao@wisc.edu
Office: 6439 Social Science, Phone: 262-4543
Office Hours:  Wed  :  3.30- 4.30
                         Fri   :  2.30 -3.30                   



Lecture:
               Tu-Th:  1-2.15 pm
                            5206 Social Science
              Discussion SectionsTimes and Room Numbers


Class Material and Important Information

Important:
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Here is the course Syllabus 

Class Notes 1 (Posted February 19 2008)
Class Notes 2 (Posted February 22 2008)
Class Notes 3 (posted March 14 2008)
Class  Notes 4 (posted April 3 2008)
Class Notes 5
Class Notes 6 (April 17 class)
Class Notes 7 (posted April 22) 
Class Notes 8 (posted May 9) 


 


Exam information:

                                                                                     Date                                                            Room

 



Class Handouts on Trade Material (required items have a *):

      Part 1 of the Microeconomic Theory Handout*
      Part 2 of the Microeconomic Theory Handout*
      Ricardo Model example used in class*
      Ricardo: changes in technology example*
      Ricardo: more comparative statics examples*
      Specific Factors Handout*
      Cobb Douglas Production Function example

 


Class Notes Fall 2007
Lecture Notes 1


HOMEWORK PROBLEMS



Exams from previous semesters:

 

 



Discussion Section Notes From Fall 2000:
           Ricardian Model  Example
           Specific Factors Example


 



Additional Material

Introduction (required items have a *):

 

"The trade Tightrope"* by P. Krugman, The NYTimes

 



Material on Ricardo

“Ricardian Model: I and II”  and “Mark’s recipe for Ricardo”

In Praise of Cheap Labor* by P. Krugman, Slate, March 1997

 Textile productivity report


Immigration

  
Reading 1 *

Tariffs , Trade Po


Related to H-O

    Lisa Barrow and Cecilia Elena Rouse "Does College Still Pay?".
    (has data on Skilled/unskilled wage gap)
 



Monopolistic Competition Material

Handout on the "Love of Variety Utility Function" 
Handout on Monopolistic Competition
"Variety, the spice of life, has measurable value. But it is not easy to determine," by Virginia Postrel


 



 Tariffs , US Trade Policy, WTO

Tariffs in General Equilibrium, small country case : diagram

US Tariffs over Time

Understanding Antidumping and Countervailing Duties (From US Gov. site)

Understanding Safeguards (From US Gov. site)

TAA in the news : Wisconsin State Journal October 23 2005

Mountains of Corn , NYTimes, Nov  9 2005

Return to Quotas, NYTimes, Nov 9 2005

The Effects of Liberalizing World Agricultural Trade: A Survey , US Congressional Budget Office, December 2005

Hansen and Prusa: "Does Administrative Protection Protect?
 

WTO

WTO material on Antidumping, CVD and Safeguards

Shrimp-Turtle Case


Preferential Trade Agreements
 

Trade creation and trade diversion
What Happens when two rich countries liberalize? (NYTimes 1-27-05)

 NAFTA at Ten: Lessons from Recent Studies by J. F. Hornbeck, Congressional Research Service, the Library of Congress, 2004.

CAFTA (INCAE, Costa Rica)
CAFTA NYTIMES (10-8-07)



International Finance Readings /Handouts

 Intertemporal Consumption Choice Model

 US Balance of Payments 2003
 Twin deficits (US and EU)
 US Net Foreign Wealth

 The Global Saving Glut and the U.S. Current Account Deficit , by Ben Bernanke, March 2005

 Economic Report of the President 1999, Chapter 6  (read pages 256 - 266 on the trade and current account deficits)

 Economic Report of the President (several years, just for reference)

 Report to Congress on Internationl Economic and Exchange Rates Policies,  November 2005 (only items covered in Lecture are required)




 

NAFTA
  



Links to Other International Trade Material on the Web

         GMO's:  UW Conference, April 2005

  Census Bureau : Statistical Abstract of the United States (years 1995 to 2000)
        Go to: Section 28: Foreign Commerce and Aid (data on US International Transactions)
        Go to: Section 30: Comparative International Statistics Statistics (compares US with rest of the World in many        dimensions)

 Economic Report of the President (pdf from 1995 forward)

International Economics Gateway

International Trade Commission (ITC)

United States Trade Representative (USTR) :

 
USTR: Fact sheets
National Trade Estimates


World Trade Organization (WTO)
 

Global Trade Negotiations Home Page (Havard Center for Int. Development)

Links to other Web Pages

     Paul Krugman

     N. Roubini's site on  Global Macroeconomic and Financial Policy
 

    Steven Suranovic Site